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Jan 24, 2013
01/13
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CSPAN2
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as you can see, even if you have got all the tax increases, the president got all the tax increases that he wanted, this represents this line right here, it still doesn't come anywhere close to dealing with the spending that is going to explode in the out years if we don't do something to reign that in by reforming many of these programs that i just mentioned. if we're going to save and protect social security and medicare for future generations, we have to reform those programs in a way that doesn't create this huge red line that spikes into the future and literally bankrupts the country. in fact, social security ran a cash deficit in 2010. medicare, we're told by the actuaries, will be insolvent by the year 2024, and in fact in the hospital portion of the medicare trust fund we're told may be insolvent by the year 2016. so these are important dates to remember, because those are the dates at which the revenue coming in from the payroll taxes that support social security and medicare no longer pay for the benefits that are paid out to beneficiaries. and so, you know, we have got this so
as you can see, even if you have got all the tax increases, the president got all the tax increases that he wanted, this represents this line right here, it still doesn't come anywhere close to dealing with the spending that is going to explode in the out years if we don't do something to reign that in by reforming many of these programs that i just mentioned. if we're going to save and protect social security and medicare for future generations, we have to reform those programs in a way that...
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Jan 24, 2013
01/13
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MSNBCW
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the proposal would put 3 cent tax on every $100 of stock bonds tax derivatives, saying it would generate $352 billion in ten years. not chump change. think about it for a second. here is 520s. there is $100. visualize this. there is $100. every time there is 100, there is three cents. i better get my piggy bank out here. just like that. that's it. that's it. one hundred, three cents, there you have it. what could we do with $352 billion? do you think maybe we could pay for at least one of the wars? or do you think maybe we could insure maybe another 30 million people? do the math. that would pay for about half of obama care. that would really make the righties happy. think about it. why is it number one, wall street doesn't get prosecuted. number two, they get off scot-free on these transactions. this is an easy thing, and nobody is going to feel it. everything is going to be fine. joining me tonight, david cay johnston, pulitzer prize winning journalist and author of "the fine print." david cay, grit to have you with us. >> good to be here. >> explain what a high-speed trade is for thos
the proposal would put 3 cent tax on every $100 of stock bonds tax derivatives, saying it would generate $352 billion in ten years. not chump change. think about it for a second. here is 520s. there is $100. visualize this. there is $100. every time there is 100, there is three cents. i better get my piggy bank out here. just like that. that's it. that's it. one hundred, three cents, there you have it. what could we do with $352 billion? do you think maybe we could pay for at least one of the...
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Jan 24, 2013
01/13
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CNBC
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in the meantime, we know taxes on our dividends aren't going up. they stayed almost the same. that's a remarkable surprise that nobody talks about. but the need to find higher after tax yields is behind the huge move in the big dividend paying drug stocks. it's why we pay more for bristol-myers as we did today or johnson & johnson which kind of hangs in there despite the earnings miss and the horrendous implication of their faulty hip product. it's why we're paying more for the oils, all the oils because more oil will be used when things get better sending the hesses and conocos higher with them. that's how it can be ten points above where it was when it pre-announced a shortfall. and, of course, any uptick in employment has huge implications with autos and for homes where for a couple of years we were building homes at a rate that came in under what we were building when we had half as many people in this country. and it means more businesses for the banks, the processed home loans and that group gets revalued upward. we use more copper, more wood, more fiber, aluminum, glass
in the meantime, we know taxes on our dividends aren't going up. they stayed almost the same. that's a remarkable surprise that nobody talks about. but the need to find higher after tax yields is behind the huge move in the big dividend paying drug stocks. it's why we pay more for bristol-myers as we did today or johnson & johnson which kind of hangs in there despite the earnings miss and the horrendous implication of their faulty hip product. it's why we're paying more for the oils, all...
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Jan 24, 2013
01/13
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MSNBC
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to either tax them or take them. it's the only reason. and anyone who says that's excessive, president obama says you're an absolutist. >> well, the nra has been unapologetic in its defense of gun rights, of course, fighting even nationally popular controls like background checks and ammunition limits. in fact, the nation's gun extremists out there have hit the panic button in their delusional belief that president obama sits atop a tyrannical government in their delusion to take away guns. joining me dana will bank and former san francisco mayor willie brown. i want to go to mayor brown on this. it just seems to me there are other reasons to have lists of people buying guns, especially semiautomatic rifles, mayor. they have fingerprints on people out there. we don't collect people's hands. this is an absurd lie. of course there are reasons to want to know who buys certain guns. maybe we should have ballistic tests on everything so we have know who kills somebody. your thoughts. are they crazy or smart or both? >> no, i think they're abso
to either tax them or take them. it's the only reason. and anyone who says that's excessive, president obama says you're an absolutist. >> well, the nra has been unapologetic in its defense of gun rights, of course, fighting even nationally popular controls like background checks and ammunition limits. in fact, the nation's gun extremists out there have hit the panic button in their delusional belief that president obama sits atop a tyrannical government in their delusion to take away...
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Jan 24, 2013
01/13
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KGO
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she said, "i haven't done my taxes for a few years." call. what's a few? she said, "i think it's eight." she showed up with four file boxes of paperwork. "here, take my stuff and figure it out." i will do that for you. it's a mental challenge. it's a puzzle. but getting you the maximum refund- that's what i'm here for. bring it on. >> abc7 news, good morning, i am eric thomas. the dove brown will deliver the state of the straight address if a little more than an hour. he says the economy is rebounding and is expected to lay out an ambitious and optimistic agenda. well carry the speech live on abc7 and stream it live on abc7news.com starting at 9:00. right now, mike has the forecast. >> the system to the south of live doppler 7 hd is starting to unwind. that mean we will have clouds and upper 30's to low 60's before the next chan of storms later this afternoon. after that, we get a break tomorrow. sue? >> heavy traffic. we have an early accident off on the shoulder but it is slow moving past lucas valley road and north 221, 25 minutes late and martinez is t
she said, "i haven't done my taxes for a few years." call. what's a few? she said, "i think it's eight." she showed up with four file boxes of paperwork. "here, take my stuff and figure it out." i will do that for you. it's a mental challenge. it's a puzzle. but getting you the maximum refund- that's what i'm here for. bring it on. >> abc7 news, good morning, i am eric thomas. the dove brown will deliver the state of the straight address if a little more than...
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Jan 24, 2013
01/13
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WJLA
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she said, "i haven't done my taxes for a few years." call. what's a few? she said, "i think it's eight." she showed up with four file boxes of paperwork. "here, take my stuff and figure it out." i will do that for you. it's a mental challenge. it's a puzzle. but getting you the maximum refund- that's what i'm here for. bring it on. >> live, and in hd, this is an abc 7 news update. is 7:56 and this thursday, january 24. we've got some snow-related closings and delays to pass along this morning. we also have a complete list at of your screen and on our website, wjla.com. newschannel 8 will have more on ther roadways as well at top of the hour. >> even with some of those cancellations and the schools have ave postponed, we lot of traffic. with trains, i have several behind schedule and metrorail is on time. this is 95 where we started out extremely tough this morning and improving. it has gotten worse. giveeed to plan to yourself extra time because we of a stafford all the way to the pentagon. is tapered off but done.mage has been look at the snowfall totals
she said, "i haven't done my taxes for a few years." call. what's a few? she said, "i think it's eight." she showed up with four file boxes of paperwork. "here, take my stuff and figure it out." i will do that for you. it's a mental challenge. it's a puzzle. but getting you the maximum refund- that's what i'm here for. bring it on. >> live, and in hd, this is an abc 7 news update. is 7:56 and this thursday, january 24. we've got some snow-related closings and...
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Jan 24, 2013
01/13
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WMAR
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she said, "i haven't done my taxes for a few years." call. what's a few? she said, "i think it's eight." she showed up with four file boxes of paperwork. "here, take my stuff and figure it out." i will do that for you. it's a mental challenge. it's a puzzle. but getting you the maximum refund- that's what i'm here for. bring it on. >>> and a good morning to you, i'm charlie crowson, be careful on the way out this morning. it's going to be slick for your commute. live picture right now of the northeast baltimore with an inch of snow on the ground. we have more than 40 school closings and delays. you can get a complete list at abc2news.com. and you can also check out the abc2 facebook fan page and twitter for updates throughout the course of your day. you see the snow out there on the sidewalks and on the cars. but as more cars are traveling out there much of the snow on the roadways can become sheets of ice. let's get a check of the abc2 timesaver traffic with lauren. >> well, charlie the snow is leading to a very hectic commute. dealing with a crash right
she said, "i haven't done my taxes for a few years." call. what's a few? she said, "i think it's eight." she showed up with four file boxes of paperwork. "here, take my stuff and figure it out." i will do that for you. it's a mental challenge. it's a puzzle. but getting you the maximum refund- that's what i'm here for. bring it on. >>> and a good morning to you, i'm charlie crowson, be careful on the way out this morning. it's going to be slick for your...
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Jan 24, 2013
01/13
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CSPAN2
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eye 91
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relief act, paying fair share act of 2012, repeal big oil tax subsidies act, teachers and first responders back-to-work act, american jobs act of 2011, public safety employer-employee cooperation act, paycheck fairness act, creating american jobs and ending offshoring act. now, again -- again, it's not that the bill was filibustered. the right to even debate these bills and vote on them was filibustered. one thing, he go on the bill and they filibuster. no, we couldn't even debate it. even though a majority of senators voted for cloture. not 60 but a majority. so the majority thwarted from even bringing these up and debating them and even letting people offer amendments. now, it used to come that if a senator opposed a bill, he or she would engage in a spirited debate, try to change people's minds, attempt to persuade the public, offer amendments, vote "no," and then try to hold members who voted "yes" accountable at the ballot box. isn't that what it's about? in contrast, today, to quote former senator charles mathias, a republican, in 1994. here's what he said, 1994 -- quote -- "the fili
relief act, paying fair share act of 2012, repeal big oil tax subsidies act, teachers and first responders back-to-work act, american jobs act of 2011, public safety employer-employee cooperation act, paycheck fairness act, creating american jobs and ending offshoring act. now, again -- again, it's not that the bill was filibustered. the right to even debate these bills and vote on them was filibustered. one thing, he go on the bill and they filibuster. no, we couldn't even debate it. even...